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Another simple system - Time-Frame 15

  • #16,821
  • Dec 7, 2012 10:25pm Dec 7, 2012 10:25pm
Hi...


I am in a problem .. I have downloaded the template but can not find ( YELLOW LINE ) in red green TDI
  • #16,822
  • Dec 7, 2012 10:26pm Dec 7, 2012 10:26pm
PLZ loveevery1 solve me ASAP.
  • #16,823
  • Dec 7, 2012 10:30pm Dec 7, 2012 10:30pm
Quoting chamoknet
Hi...


I am in a problem .. I have downloaded the template but can not find ( YELLOW LINE ) in red green TDI
Hi ya Chamoknet..

Welcome to the thread

This should help http://www.forexfactory.com/showthre...52#post6263452

Cheers,
Adrian
  • #16,824
  • Dec 7, 2012 10:48pm Dec 7, 2012 10:48pm
Thanks RAMJET for response. Could u please tell me How i can use SL and TP...


Any Idea will be greatly appreciated.
  • #16,825
  • Dec 7, 2012 11:09pm Dec 7, 2012 11:09pm
Quoting chamoknet
Thanks RAMJET for response. Could u please tell me How i can use SL and TP...


Any Idea will be greatly appreciated.
Setting Stop Loss & Take Profit..

Hi ya Chamoknet

There are many different ways of going about setting your SL and TP areas when trading and it comes down to the individuals personality and what they feel comfortable with..

As you read through the thread you will see different individuals ways of setting these areas and you can find what will be of comfort and style to your own personality but here is a good starting point http://www.forexfactory.com/showthre...84#post5662084

Cheers,
Adrian
  • #16,826
  • Dec 7, 2012 11:21pm Dec 7, 2012 11:21pm
About how to set Stop Loss and Take Profit:

Quoting Ramjet
Setting Stop Loss & Take Profit..

Hi ya Chamoknet

There are many different ways of going about setting your SL and TP areas when trading and it comes down to the individuals personality and what they feel comfortable with..

As you read through the thread you will see different individuals ways of setting these areas and you can find what will be of comfort and style to your own personality but here is a good starting point http://www.forexfactory.com/showthre...84#post5662084

Cheers,
Adrian
There are many different ways, as Ramjet pointed out.

One way is to always look at clean and uncluttered charts without any fancy technical indicators, just do your usual work and indentify the most recent Support and Resistance price levels.

When you are Buyer, your SL should be below the last time Sellers agreed with Buyers, and your TP should be to follow the Buyers until they change side to become Sellers.

When you are Seller, your SL should be above the last time Buyers agreed with Sellers, and your TP should be to follow the Sellers until they change side to become Buyers.

Now you have to go to your charts and practice to read the candlestick or bar patterns and line charts as your weekend exercise.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,827
  • Dec 8, 2012 12:14am Dec 8, 2012 12:14am
almost 10 hrs there man...nice trade
Quoting Gibril
GBPJPY

Simple Scalping Trade

Wekness from yesterday, just ride the wave



giBriL
  • #16,828
  • Dec 8, 2012 1:38am Dec 8, 2012 1:38am
Quoting loveevery1
Hello Folks...Hope you guys for making pips today...I can see these posts going down since the day i introduced the entry and exits....lol

I caught you folks lol

Anyway all for good and Tsunami warning has been given to Japan following a 7.5 magnitude earth quake....Trade well and take care.Watch out for yen pairs....

Hi All,

Can you driect me to this introduced of Master LE1? I have search ~ 100 page post by LE1 but can not found? Please..
  • #16,829
  • Dec 8, 2012 2:00am Dec 8, 2012 2:00am
This may seem strange but lions are great traders.We can learn few pointers
http://video.pbs.org/video/2224770543
Experience Lions wait for the prey and wait for perfect timing to strike and successful hunt requires certain planning.
Rookie young lions often chase away prey by attacking early....and often go hungry...
Sounds familiar?
Everyone has their style but I gravitate towards predatorial style of trading.

Link is great duc about rare white lions
In trading, you have to be defensive and aggressive at the same time
  • #16,830
  • Dec 8, 2012 2:39am Dec 8, 2012 2:39am
Quoting Davit
This may seem strange but lions are great traders.We can learn few pointers
http://video.pbs.org/video/2224770543
Experience Lions wait for the prey and wait for perfect timing to strike and successful hunt requires certain planning.
Rookie young lions often chase away prey by attacking early....and often go hungry...
Sounds familiar?
Everyone has their style but I gravitate towards predatorial style of trading.

Link is great duc about rare white lions
Oh good one Davit!....you can't watch this video in Australia

Actually following on from this I met a a high roller high earner trader from a trader friend of mine ...anyone from the UK will know Canary Wharf but he owned a Penthouse suite there with a mini put put golf course and Jacuzzi on the roof...any how one of his best tips he said to us is that.... "He has to always act like a Cheetah, sitting there waiting in the bushes for hours or days ready to pounce"...and when he did he made to much excessive cash, lol

To all you newbies...be a Sniper...be patient.. wait for the shot..and hit that target....
Don't waste your bullets like a machine gunner...preserve your capital for the right trade..

Cheers,
Adrian
  • #16,831
  • Dec 8, 2012 2:51am Dec 8, 2012 2:51am
Quoting pip4life
Hi All,

Can you driect me to this introduced of Master LE1? I have search ~ 100 page post by LE1 but can not found? Please..
Hi ya Pip4life..

Sorry for the confusion but what LE1 meant was for every body when posting charts of there trades to include there entry and exit statement with the chart

Cheers,
Adrian
  • #16,832
  • Dec 8, 2012 3:04am Dec 8, 2012 3:04am
Quoting loveevery1
Brother Ary....excellent results and keep pippin like this..and how do u manage to take so mnay trades a day..lol....I really cant do what you are doing...I can barely sit in front of the computer...lol...Take care and stay blessed always....Now you know why i told you to stay here...
Hi mate,

Its jut 3 trades on that statement. Cable - I added to the position after moving stop lower from initial levels - liked the setup so just a little higher volume on that one. Cad and Aussie trades as they were correlated in their moves the risk was reduced for the same move. This is why i did not really display pips made etc as would not have given a true reflection on gains.

I'm also like you - prefer to spend less time in trades..!!! - though im at the computer...lol

chat later mate. cheers
  • #16,833
  • Dec 8, 2012 3:54am Dec 8, 2012 3:54am
Hi,i am new member and this question as been asked a million times but can someone tell me the procedure of getting the the tdi indicator on to my charts
  • #16,834
  • Dec 8, 2012 5:14am Dec 8, 2012 5:14am
Quoting Gibril
@ emmanuel7788
Greeting Sir,

How true is your words reminding newbie to be cautious.

I appreciate if you could help me with this trade I took yesterday.


Yellow rectangle box = resistance/support.

1st trade shorted at support and stopped out. ( Loss)

2nd Trade, I was a bit cautious [color=black]to short at Bar marked as No. 1 ? because I'm not sure it is a BEEB ? and it was rejected by resistance. I didn't take any trade there. Confused...
http://www.forexfactory.com/attachme...1&d=1354852662


Hi Gibril,

Sorry did not reply your post earlier. Needed time to make weekly report for my special assignment too.

Anyway, here is my comments to GU on 6 Dec.
In your chart posted above: Candle 2 is a Bearish Outside Bar (BEOB). There is a method to trade OB which is usually a retracement entry of that OB.
There is not Pop Gun pattern because Candle 1 High is above the Candle 2 High, although there is an Inside Bar (IB) between them. You could have traded this IB breakout too.
You have your resistance zone above these candles. On my chart below, I highlighted there is CONFLUENCE of several price levels:
- Prev W Fibo 161%
- Prev D Fibo 127% ( my favourite for intraday reversal spotting)
- Prev D High
- Historical D S&R 1.6116. The Historical S&R are from the D chart (in GoldenRod colour) and the Weekly S&R are coloured in Red.

This CONFLUENCE marks a Resistance Zone which is good enough to look for Price Action to SELL.
Looking back at the H4 ‘mother bar’ which I posted. Well I can only conclude that our members knows what I meant and did not post any questions. Only you ask this. LOL.
In my opinion, a good ‘mother bar’ should have at least 3 other smaller bars within its high and low price levels. Those smaller candles only show that market consolidated and a breakout is imminent. The ‘mother bar’ high and low will give two possible breakout price levels for me to position my trades.

However, as seen my chart below, the 4th H4 candle did not close below the low of the ‘mother bar’. I was watching on M15 TF hence I posted and sounded off to be careful with that H4 closing as it is near to London Open time. We must be mindful that there are many Asian session breakout traders lurking just before LO. Smart Money ambush area, I am quite sure many traders were caught selling at that price levels seeing LH and LL plus the momentum in lower TF and did not listen to 'mother bar' say don't venture too far.
Back to your chart:

Your candle 1 is only the first test of the resistance zone, so some risk if we enter at that candle close. Being a conservative trader, I wait for a second test what I call Test and Re-Test (TRT).
The candle after no 1 is an IB and that also show a TRT on lower TF and would have provided an entry based on H1 IN Breakout. Any entry on lower TF of candle 2 would have been good.

The H1 safe entry would be that pin bar. Anyway, for swing taders, the initial SL should be above the resistance zone.
There were also several possible levels to add positions when we see potential that price will retrace back into the previous week range. This is Intra-week reversal using PA with the Previous week fibo levels 127% and 161%, and you already traded the upper shadow of the current week candle.... Shadow Trading. I think only a few members here understood when I mentioned in my post "traders in the shadow". LOL.
Hope this explains how I view GU on 6 Dec.

Regards,
Attached Image (click to enlarge)
Click to Enlarge Name: GU H1 6 Dec POMO.png Size: 75 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,835
  • Dec 8, 2012 5:32am Dec 8, 2012 5:32am
Quoting Gibril
One more things before I forget.

hope this Chart will give you some idea on next week scalping, because everyone see this same chart.


giBriL
Hi giBril

Let me try; we have a nice confluence in the zone 1.2850-1.2900: ema50&200, monthly pivot, strong PPA.
Price drop has stopped right in that zone. On the other hand price broke 10 ema which becomes the upper boundary for 1h TF trading scale.

Next week we have to watch 1h price action in terms of waves pattern, and look for a retest and bounce.

It would be interesting to have your analysis and plan, if you don't mind sharing it.

Thx

Kyurem
  • #16,836
  • Dec 8, 2012 5:39am Dec 8, 2012 5:39am
Quoting Vnfx
Dear Gibril,
You always make me admired of your logic analytical and absolutely exact entry points.
My question and also my problem now, how can you stay with your order (let the profit run)?
And when we should keep our target small?
I see you have unnumerous winners with almost maxium profit run!


admired of your logic analytical and absolutely exact entry points.

Don't admire me, ...just repsect the Great Master who "show me" this method


how can you stay with your order

10 EMA ( that's the obsolute answer )


I assume there is so many question in your head now.

Tell you the truth, the answer was given in Post 320 , Post 321 ( most important to get to)

and Post 277 to Post 281 ( this is least important)

I don't see the point of repeating the same things again.

Hope it helps.

Have a nice weekends

giBriL
Attached Image (click to enlarge)
Click to Enlarge Name: Weekly answer.png Size: 53 KB
  • #16,837
  • Dec 8, 2012 5:54am Dec 8, 2012 5:54am
Quoting emmanuel7788


Hi Gibril,

There is not Pop Gun pattern because Candle 1 High is above the Candle 2 High, although there is an Inside Bar (IB) between them. You could have traded this IB breakout too.
You have your resistance zone above these candles. On my chart below, I highlighted there is CONFLUENCE of several price levels:
[color=black][font=Verdana]-...
Emmanuel Sir,

Thank you for your kind effort to make all those information for newbie like me.

I appreciate to Master Piece works you've given me...goes straight to my private journal.

I need to read it a couples time more to make it penetrate my hard skull.

God Blessed you.

Sincerely

giBriL
  • #16,838
  • Dec 8, 2012 10:14am Dec 8, 2012 10:14am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Hi Gibril,
I have the same 39 day period different broker, your EMA 200 is over 1.28750 mine is below 1.28500 and that’s just for starts, I would be curious to see the rest of your daily chart if you don’t mind what broker are you using.
Thanks, Paul
Attached Image (click to enlarge)
Click to Enlarge Name: MyBroker_001.png Size: 53 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 006_001.png Size: 121 KB
Of all the things I've lost I miss my mind the most .
  • #16,839
  • Dec 8, 2012 11:13am Dec 8, 2012 11:13am
Hi its my first post to FF, its a very nice thread and i m following it with good success rate, Lot of thanx Loveevery1 for helping newbies. God bless u.
Remmember! There r no mistakes in life But only lessons
  • #16,840
  • Dec 8, 2012 11:17am Dec 8, 2012 11:17am
Quoting Ramjet
Hi ya Pip4life..

Sorry for the confusion but what LE1 meant was for every body when posting charts of there trades to include there entry and exit statement with the chart

Cheers,
Adrian
Ah.. I got your mean... Thanks you, mate! Green pips to you
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